Following the last round of cat coins instead of dog coins rushing to the forefront of the market, the Meme coin market recently staged a "Elvis Presley competition". First of all, POPCAT and Shark Cat (Shark Cat, Token SC) were once fear, uncertainty and doubt (FUD) by cat coin users because of the IP copyright issue of the logo, but later Shark Cat obtained the copyright from the cat owner with the help of a lawyer, causing the coin price of Shark Cat (SC) to Rebound. At present, POPCAT has not solved the related problems, and it has also prompted some users to transfer their Holdings to SC.
At the same time, the recent rebellion against VC has also affected the MEME segment of cat-themed Token. In this regard, users are using their own ways to support the community-based meme cat coins. Some users believe that POPCAT and MICHI, Shark Cat (shark cat) represent community meme coins, while similar projects such as MEW and MANEKI are suspected to be supported by VC, and there is obviously an internal struggle in the cat system Memecoin.
From the current market capitalization ranking, POPCAT is firmly in the first place in market capitalization, with more than 45,000 holders, showing strong community power. And MICHI's rapid market capitalization rise since its deployment on April 8 is also eye-catching.
POPCAT, SC were accidentally fear, uncertainty and doubt (FUD) due to copyright
POPCAT is now the most market capitalization cat coin, with a market capitalization of more than $440 million on CoinGecko data as of May 9. From late March to mid-April, its market capitalization falls from $356 million to $120 million, but has pumped another $480 million since mid-April.
Shark Cat is also one of the well-performing, full-fledged cat-themed meme coins at the moment. The most recent notable rise came on the evening of May 1, when SC pump from $0.045 to $0.1245 on the night of May 2, a pump of up to 176.7%.
The rise of Shark Cat is mainly due to the Shark Cat team locking in their logo rights. Recently there has been a very long fear, uncertainty and doubt (FUD) and dramatic incident around this issue, where the owner of the shark cat (real name Nala) asked to be paid by the shark cat because of the IP and wanted to control the right to use her cat image.
Soon after, the team resolved the fear, uncertainty and doubt (FUD) issue by acquiring Nala's intellectual property. This also means that shark cats may show greater potential for rise and may go one step further.
At the same time, POPCAT also suffered from fear, uncertainty and doubt (FUD) because it did not have IP rights. The owner of the cat of origin of this meme even voiced his opposition to Crypto Assets.
Xavier, the owner of the Popcat cat, said on the X platform: "My cat is my cat and I am totally against Crypto Assets. (My cat is my cat and I am absolutely against cryptocurrency)“
However, there are also users who have expressed their continued support for POPCAT: "Obviously, these people are from other cat communities and want to rotate".
The popularity of POPCAT has not decreased due to fear, uncertainty and doubt (FUD). From April 21 to April 27, Google Trends showed a new high in interest in the topic of Popcat, surpassing its all-time peak.
However, there are also some users who choose to transfer assets from POPCAT to SC during the copyright turmoil. One user said: "$POPCAT was fud, the same IP problem as $SC, it is said to be MewsWorld(MEW) fud, but unfortunately the money ended up flowing to $SC." $SC is the only meme that solves the problem of physical cat IPs, so I moved a part of $POPCAT's Position to $SC. ”
The wind of anti-VC is blowing towards the cat coin, and the world has suffered VC for a long time?
In the meme coin market, a recent Twitter discussion thread by venture capital firm A16Z CTO Eddy Lazzarin about the value of the meme coin caused controversy, Eddy said: "Memecoin has changed the way the public, regulators and entrepreneurs think about Crypto Assets. At best, it looks like a casino fraught with risk, or a series of false promises to cover up the casino. This has a profound impact on the adoption of encryption, laws and regulations, and the behavior of Builders. I see these devastation every day. "
Many users in the community immediately objected, saying, "Meme is an opportunity for us to flip the big organization." I love memes, and while longest memes cost me money, I just need to grab one to make a big difference in my life. But when I invest in a project invested by a large institution, I have to wait many days to get a small return. "
This discussion has also affected the niche of cat coins. In the dispute with the VC cat, at present, the pure community meme has achieved a phased victory.
User @free_electron 0 said: "Now every time you tweet $POPCAT you get a swarm of bots replying to the same fear, uncertainty and doubt (FUD) message and telling you to buy maneki or mew." Imagine that you are so afraid of a Token that you have to use such a lazy strategy. The VC is in trouble and Degens wins again. ”
Through the discussion on Twitter, it can be seen that users believe that POPCAT, and MICHI, Shark Cat (shark cat), etc. are considered to belong to community meme coins, while MEW and MANEKI are opposed by many users, believing that they represent the participation of VC, and VC holds a large share of Token behind it. Although the current level of VC participation of meme coins is not easy to verify, it is clear that the battle for cat coins is continuing to add heat to this zone and constantly affect their respective ranking rotations.
As of May 7, the 3 Token with the largest market capitalization pump based on trading pairs with SOL are Michi (+547%), SC (+216%), and POPCAT (+81%). Among the top five tokens in terms of percentage increase in Wallet over the past two weeks, Michi (+97%) ranked first, POPCAT (+21%) ranked second, and SC ranked fourth (+7%).
Among them, MICHI has performed well, with its market capitalization rising from the $3 million level to $110 million on May 8 since its deployment on April 8 to May 8. As of press time, Popcat also has a staggering 45, 000 Token holders, and that number continues to rise.
As of the morning of May 9, the price of cat-themed meme coins has pullbacked overall. According to CoinGecko data, the market capitalization top 10 cat coin are POPCAT ($442 million), MEW ($318 million), MOG ($177 million), WEN ($125 million), TOSHI ($120 million), MANEKI ($54.16 million), MEOW ($35.51 million), CAT ($34.6 million), $CWIF ($28.13 million), and PAJAMAS CAT ( $21.09 million).
As of 9 a.m. on May 9, on the homepage of Dexscreener, many popular tokens within 6 hours are also cat-themed Tokens or cat-related Tokens, such as CATGPT, CRODIE, PUSS, CATZILLA, etc.
From IP controversy to rebellion against VC coin, the narrative in the cat coin community has clearly entered the next phase. At the moment when "Elvis Presley" is in full swing, we will wait and see which targets users will choose and what wonderful stories will continue to be staged.
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From IP controversy to rebellion against VC, the meme community is staging an "Elvis Presley" battle
Original author: Weilin
Following the last round of cat coins instead of dog coins rushing to the forefront of the market, the Meme coin market recently staged a "Elvis Presley competition". First of all, POPCAT and Shark Cat (Shark Cat, Token SC) were once fear, uncertainty and doubt (FUD) by cat coin users because of the IP copyright issue of the logo, but later Shark Cat obtained the copyright from the cat owner with the help of a lawyer, causing the coin price of Shark Cat (SC) to Rebound. At present, POPCAT has not solved the related problems, and it has also prompted some users to transfer their Holdings to SC.
At the same time, the recent rebellion against VC has also affected the MEME segment of cat-themed Token. In this regard, users are using their own ways to support the community-based meme cat coins. Some users believe that POPCAT and MICHI, Shark Cat (shark cat) represent community meme coins, while similar projects such as MEW and MANEKI are suspected to be supported by VC, and there is obviously an internal struggle in the cat system Memecoin.
From the current market capitalization ranking, POPCAT is firmly in the first place in market capitalization, with more than 45,000 holders, showing strong community power. And MICHI's rapid market capitalization rise since its deployment on April 8 is also eye-catching.
POPCAT, SC were accidentally fear, uncertainty and doubt (FUD) due to copyright
POPCAT is now the most market capitalization cat coin, with a market capitalization of more than $440 million on CoinGecko data as of May 9. From late March to mid-April, its market capitalization falls from $356 million to $120 million, but has pumped another $480 million since mid-April.
Shark Cat is also one of the well-performing, full-fledged cat-themed meme coins at the moment. The most recent notable rise came on the evening of May 1, when SC pump from $0.045 to $0.1245 on the night of May 2, a pump of up to 176.7%.
The rise of Shark Cat is mainly due to the Shark Cat team locking in their logo rights. Recently there has been a very long fear, uncertainty and doubt (FUD) and dramatic incident around this issue, where the owner of the shark cat (real name Nala) asked to be paid by the shark cat because of the IP and wanted to control the right to use her cat image.
Soon after, the team resolved the fear, uncertainty and doubt (FUD) issue by acquiring Nala's intellectual property. This also means that shark cats may show greater potential for rise and may go one step further.
At the same time, POPCAT also suffered from fear, uncertainty and doubt (FUD) because it did not have IP rights. The owner of the cat of origin of this meme even voiced his opposition to Crypto Assets.
Xavier, the owner of the Popcat cat, said on the X platform: "My cat is my cat and I am totally against Crypto Assets. (My cat is my cat and I am absolutely against cryptocurrency)“
However, there are also users who have expressed their continued support for POPCAT: "Obviously, these people are from other cat communities and want to rotate".
The popularity of POPCAT has not decreased due to fear, uncertainty and doubt (FUD). From April 21 to April 27, Google Trends showed a new high in interest in the topic of Popcat, surpassing its all-time peak.
However, there are also some users who choose to transfer assets from POPCAT to SC during the copyright turmoil. One user said: "$POPCAT was fud, the same IP problem as $SC, it is said to be MewsWorld(MEW) fud, but unfortunately the money ended up flowing to $SC." $SC is the only meme that solves the problem of physical cat IPs, so I moved a part of $POPCAT's Position to $SC. ”
The wind of anti-VC is blowing towards the cat coin, and the world has suffered VC for a long time?
In the meme coin market, a recent Twitter discussion thread by venture capital firm A16Z CTO Eddy Lazzarin about the value of the meme coin caused controversy, Eddy said: "Memecoin has changed the way the public, regulators and entrepreneurs think about Crypto Assets. At best, it looks like a casino fraught with risk, or a series of false promises to cover up the casino. This has a profound impact on the adoption of encryption, laws and regulations, and the behavior of Builders. I see these devastation every day. "
Many users in the community immediately objected, saying, "Meme is an opportunity for us to flip the big organization." I love memes, and while longest memes cost me money, I just need to grab one to make a big difference in my life. But when I invest in a project invested by a large institution, I have to wait many days to get a small return. "
This discussion has also affected the niche of cat coins. In the dispute with the VC cat, at present, the pure community meme has achieved a phased victory.
User @free_electron 0 said: "Now every time you tweet $POPCAT you get a swarm of bots replying to the same fear, uncertainty and doubt (FUD) message and telling you to buy maneki or mew." Imagine that you are so afraid of a Token that you have to use such a lazy strategy. The VC is in trouble and Degens wins again. ”
Through the discussion on Twitter, it can be seen that users believe that POPCAT, and MICHI, Shark Cat (shark cat), etc. are considered to belong to community meme coins, while MEW and MANEKI are opposed by many users, believing that they represent the participation of VC, and VC holds a large share of Token behind it. Although the current level of VC participation of meme coins is not easy to verify, it is clear that the battle for cat coins is continuing to add heat to this zone and constantly affect their respective ranking rotations.
As of May 7, the 3 Token with the largest market capitalization pump based on trading pairs with SOL are Michi (+547%), SC (+216%), and POPCAT (+81%). Among the top five tokens in terms of percentage increase in Wallet over the past two weeks, Michi (+97%) ranked first, POPCAT (+21%) ranked second, and SC ranked fourth (+7%).
Among them, MICHI has performed well, with its market capitalization rising from the $3 million level to $110 million on May 8 since its deployment on April 8 to May 8. As of press time, Popcat also has a staggering 45, 000 Token holders, and that number continues to rise.
As of the morning of May 9, the price of cat-themed meme coins has pullbacked overall. According to CoinGecko data, the market capitalization top 10 cat coin are POPCAT ($442 million), MEW ($318 million), MOG ($177 million), WEN ($125 million), TOSHI ($120 million), MANEKI ($54.16 million), MEOW ($35.51 million), CAT ($34.6 million), $CWIF ($28.13 million), and PAJAMAS CAT ( $21.09 million).
As of 9 a.m. on May 9, on the homepage of Dexscreener, many popular tokens within 6 hours are also cat-themed Tokens or cat-related Tokens, such as CATGPT, CRODIE, PUSS, CATZILLA, etc.
From IP controversy to rebellion against VC coin, the narrative in the cat coin community has clearly entered the next phase. At the moment when "Elvis Presley" is in full swing, we will wait and see which targets users will choose and what wonderful stories will continue to be staged.
Link to original article